Chapter 8 - Formulas to learn

Question 1

Productivity per labour hour

Answer 1

Output in the period / hours worked in the period

Question 2

Productivity per employee

Answer 2

Output in the period / Number of employees working on output

Question 3

Idle time

Answer 3

Number of idle time hours can be X by the labour rate

OR as a ratio of the idle hours

Total idle hours / number of employees